Top 10 Richest People in Papua New Guinea 2024

2. Julius Chan

Sir Julius Chan GCL GCMG KBE PC was Prime Minister of Papua New Guinea from 1980 to 1982 and from 1994 to 1997. He is currently Member of Parliament for New Ireland Province, having won the seat in the 2007 national election. He is also the current Governor of New Ireland Province, since 2007.

Richest People in Papua

Born on Tanga Islands, New Ireland Province to Chin Pak, a trader from Taishan, China, Julius Chan was educated at Marist College Ashgrove in Brisbane, Queensland, Australia.

He first became actively involved in politics in the 1960s. He was elected to represent the Namatanai district of New Ireland province in the pre-independence National Assembly in 1968 and was re-elected in 1972, 1977, 1982, 1987 and 1992.

He was Deputy Prime Minister four times (1976, 1985, 1986, 1992-1994), and Minister of Finance twice (1972–1977, 1992–1994). He also held the portfolios of Primary Industry (1976) and External Affairs and Trade (1994). Chan became leader of the People’s Progress Party in 1970. He was knighted as a Knight Commander of the Order of the British Empire (KBE) in 1981, and appointed a Privy Counsellor the next year.

1. James Marape (Richest man in Papua New Guinea)

James Marape is a Papua New Guinean politician, who is serving as the Prime Minister of Papua New Guinea since May 2019. He has been a member of the National Parliament of Papua New Guinea since July 2007, representing the electorate of Tari-Pori Open in Hela Province in the highlands. He has held Cabinet Posts as Minister of Education (2008–2011) and Minister of Finance (2012–2019).


In concluding our exploration of Papua New Guinea’s wealthiest individuals, it becomes evident that these financial titans are not merely captains of industry but also architects of change. Their entrepreneurial spirit, strategic acumen, and commitment to innovation have propelled Papua New Guinea onto the global economic stage.

As we celebrate the success stories of these ten remarkable individuals, we must also recognize their contributions to community development, philanthropy, and the overall well-being of the nation. In a land brimming with natural riches, these entrepreneurs stand out as key players in steering Papua New Guinea towards a future of prosperity and sustainable growth.

The top 10 richest people in Papua New Guinea are not just beneficiaries of their success; they are catalysts for progress, leaving an enduring legacy that extends beyond their financial achievements.

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9 thoughts on “Top 10 Richest People in Papua New Guinea 2024”

  1. Can’t believe how they accumulated Thier wealth and status this fast, especially, when they are all politicians.

  2. The secret to become a wealthiest person in Papua New Guinea is to become a politician and be the Prime Minister.

  3. Alois Boyd Patma.

    I doubt that this holds any credible background and supporting facts. This record can be best termed as ” The 10 Richest Politicians in Papua New Guinea”.

    1. If the secret of becoming a wealthiest person in PNG is become a politician, than why the longest serving politician, our founding father, Late Sir Micheal Somare is not in this group?

  4. jabdulbanda82@gmail.com

    Politicians becoming overnight millionaires by amassing fortunes through corruption and bribery for their own personal aggrandizement.Its not hard earned wealth accumulated by sweat and hardwork but by fraudulent means.

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